Organizations whose grant funds are derived from many donors rather than from a single source and held in an endowment that is independently administered. Income from the endowment is used to make grants for charitable purposes, usually in a specific community or region.

NTEE broader category

Philanthropy, Voluntarism & Grantmaking Foundations

Private nonprofit organizations whose primary purpose is to promote the practice of charitable giving and volunteering or to represent and serve a wide range of philanthropic and charitable institutions.

Includes:

private grantmaking foundations and charitable trusts; federated giving programs that provide funding and other types of assistance to community services (e.g., United Way, Jewish Federation); and organizations that promote individual giving through pooling of funds or trusts for maximal financial and program administration performance, e.g., public foundations and community foundations.

Excludes:

fund-raising, distribution services operating in a specific major group area.